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.... A ..... is the correct answer
A
Fictitious Assets is a term applied to items of expenditure not represented by present value. They may represent absolute losses not written off, but carried forward in the Balance Sheet, or expenditure of a deferred revenue nature the benefit of which is presumed to extend over a period of years
The right answer is Option-A.
I thought operational cost is not yet asset. Let us say
A. fictitious asset.
Agree with all champs. A, Fictitious asset.
Answer is option A
The purpose of creating fictitious assets is to account for those expenses , which are incurred in starting a business . Generally, these expenses will be write off over a period of5 years.
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Answer: Option A
We all as the above answers (( A )) , but from my point of view the answer from the Question , I mean its mention in the Q. word (( Preliminary )) which is differ than B as its tangible Or C as its MUST be done to begin the nature of the company and finally Not D as its not floating.
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